Transcription of UPDATED APRIL 27, 2021
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UPDATED APRIL 27, 2021
Targeted and Supplemental Advance frequently asked Questions UPDATED APRIL 27, 2021 1 | Page Targeted EIDL Advance and Supplemental Targeted Advance FAQ Application Process 1. Can I apply now? Applicants must wait until they receive an email invite from the SBA to apply for both the Targeted EIDL Advance and Supplemental Targeted Advance. [Note: Businesses with COVID-19-related losses can still apply for an Economic Injury Disaster Loan (EIDL) if they have not done so already. More information about the loan program can be found at .] 2. What is the difference between the Targeted EIDL Advance and Supplemental Targeted Advance? Targeted EIDL Advance: The Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act (Economic Aid Act) provides that businesses which received a previous Advance in an amount less than $10,000 will have first priority for the Targeted EIDL Advance, which would be the difference between the amount they recei
Frequently Asked Questions UPDATED APRIL 27, 2021 3 | Page If you have not yet filed your 2019 Federal Tax Return, you should complete that process. You will also be required to provide the business’ monthly gross receipts for each month from January 2019 through the most recent month-to-date period. This information will be used to determine
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